Which ticket resale site has the lowest fees?

  • Posted on: 04 Jul 2024
    Which ticket resale site has the lowest fees?

  • What Is the Site with the Least Expensive Fees for Ticket Reselling?

    Feeling the heat of having to part with lots of cash in order to make your events popular? You're not alone. They might cut significantly into your profits if you are reselling tickets on the secondary market. But this is where you should be cautious, and consider which ticket resale platform will enable you to earn the most money. Most of them can end up cutting down on the amount of money that would otherwise be paid in terms of commissions and listing fees, among others, by choosing the site with the lowest fees.

    This is because, in this guide, we have arranged the fees based on the most used ticket resale sites in order to assist you in locating the site that comes with the lowest fees based on your needs. We will also provide tips on how to avoid fees where possible, though it is essential to remember that sometimes they are unavoidable.

    Key Factors Impacting Fees

    Before diving into the fee structures of individual sites, it helps to understand a few key factors that impact how much you'll pay:Before diving into the fee structures of individual sites, it helps to understand a few key factors that impact how much you'll pay:

    A seller may charge fees to the buyer as a way of generating income instead of charging clients directly. Fees on ticket resale sites generally come in two forms: fees that sellers have to pay to the site and fees that the buyer is charged with in relation to the tickets. The major costs are from sellers but it would be beneficial to consider buyer fees that can enable you to charge a higher amount. Check the impact of doing both.

    There is a clear-cut, distinct demarcation between amateur and professional selling platforms. While some sites, such as StubHub, are more inclined to ‘’novice’’ fans who are looking forward to selling and buying tickets a few times in a year, others, like Vivid Seats, are inclined to ‘’professional’’ fans who resell tickets frequently. What is important to understand is that the fee structures as applied to these types of sites differ greatly.

    Selling high-demand tickets as opposed to more low-demand ones. In general, the prices of fees remain relatively higher when the event and tickets that are being sold are among the most sought-after. One must consider the kind of events for which they sell tickets most often.

    With those reasons in mind, let us examine fees on the most visited ticket resale websites.

    StubHub

    Seller Fees: While the cost of sponsoring most events is fairly reasonable, with estimates ranging from 10–15%, the return on investment cannot be readily measured.

    Buyer Fees: A variable that is linked to it is the number of tickets sold at different prices.

    Best For: The others are casual viewers who buy a single ticket to the event.

    Being one of the greatest and most popular secondary ticket selling platforms for fans, StubHub has relatively low commission rates as compared to some of the other players in the market. The seller's cost depends on the level of the event and its popularity and it is between 10-15% of the total amount. For tickets, the fees differ depending on the price of the ticket: for tickets that cost less than $100, the fee is $5.35; for tickets that cost more than $100 but less than $200, the fee is $10.70; for tickets that cost $200 or more, the fee is 10%; and for very expensive tickets, the fees is 20%. Lastly, total fees for the sellers amount to 10–25% of the total amount being sold. If you do not plan to use the tickets as the primary means of watching games, but rather, you simply want to sell some tickets occasionally because you are a casual fan, then StubHub is fair to you. However, the routine resellers might pay a lower price for the merchandise.

    Vivid Seats

    Seller Fees: To be quite clear, I recommend that such wiggle room should range from 15–25% for most events.

    Buyer Fees: A small amount, which is equivalent to an average of one quarter of the total ticket cost.

    Best For: Businesslike over-60 resellers, tickets in demand

    To a large extent, Vivid Seats is more inclined towards professional ticket broking businesses and marketers. In return, it provides more visibility to desirable event tickets at slightly greater costs relative to other ultra-fan oriented media. Finally, selling fees through the site will attract a fee of about 15-20% of the actual price that is similar to StubHub’s seller fees for the particular event. Instead, they make their profit through serving buyers much higher service and order processing fees, that on average stand at 25%. This is a good thing because it means that, at times, you are able to sell at a higher price and retain a little more. In extreme cases, the visibility premium might compensate for the higher rate of fees for tickets with very high sales demand.

    ScoreBig

    Seller Fees: Some sellers do not set a fixed price for their product, and this is usually because they allow the buyer to set the price that he or she is willing to pay for the product.

    Buyer Fees: This accounts for approximately 10 to 15 percent of the sale price.

    Best For: Those who are selling those cheap tickets for events that do not attract many people

    ScoreBig provides a refreshing twist to the conventional ticket resale strategy while offering no seller fees. As the seller, you are free to decide the asking price of the tickets to anything you wish. That full asking price you keep if a buyer buys them. The tradeoff is that it is slightly more expensive at the point of purchase, where buyers are charged a 10-15% service fee. With no direct competition with the seller fees, you could offer very cheap tickets for the relatively less popular events and still rake in good money. However, buyers mostly look at the highest value listings and thus for anyone to sell hot tickets, they are likely to do so at a low price. Here is the overall score of each of the techniques offered by Big: All in all, Big’s approach benefits the patient seller.

    Ticket Club

    Seller Fees: 0–10%

    Buyer Fees: 0–10%

    Best For: Category C: These are events that are not in high demand by the customers, and they attract buyers who are carefully planning their spending.

    To bait price-sensitive buyers and sellers, Ticket Club attempts to offer a new spin on fees with a fresh approach. Customers receive a flat 10% service charge only for the Strada restaurants. Sellers also offer the lowest final value fees online, which can be as low as a percentage of the resale amount, from 0% to 10%. It is not complex at all, which is the main intention of the fee structure. It will not be possible to achieve the same visibility premium that can be realized on busier sites; hence, the strategy is best applied where less popular events are held. However, if you have tickets that you want to sell at a relatively cheap price, it is worth examining.

    Gametime

    Seller Fees: This is none because names are asking for prices.

    Buyer Fees: About 25% lower when compared to the box office rates.

    Best For: Mobile concentrated last minute booking and sales

    The Gametime app provides users with a ticket marketplace on a mobile platform and is focused on last-minute ticket purchasing and costs. Similar to ScoreBig’s model, sellers can offer tickets at any price and enjoy no fees. The reason gametime earns their profits is by getting buyers to pay slightly higher prices than boxed office rates-not your business as the seller. As for the value proposition buyers are getting, it lies in the fact that the app offers listings of events that are taking place within the day. It operates like other online marketplaces; the seller sets the quantity and the price at which he or she wants to sell the products and Gametime comes in to assist. However, it is suitable for offloading extra products that are not so important when preparing the shipment. However, it negates the exposure of the broader marketing reached through the larger resale websites.

    In this section, the following major findings were made concerning the measures to be taken in order to minimize fees:

    When exploring your options for reselling tickets, keep these tips in mind to reduce fees:When exploring your options for reselling tickets, keep these tips in mind to reduce fees:

    Do not sell it now or any version of it because final value fees will be incurred

    It is also important to look at the smaller ticket resale sites because the big sites can make you spend a lot of money on the fees.

    Prices should be adjusted depending on the fee buyers pay. more expensive fees help set higher sale prices

    To book last-minute additional seats through mobile application websites such as Gametime

    You only pay platform fees if you advertise on the platform; you can share your listings on social media accounts to reduce the costs. 

    Therefore, the best platform for ticket resale depends on the kind of ticket, the type of event, the location and your personal circumstances. With this guide, level the playing field, calculate how many tickets you sell on average, and pick which site gives you the highest profit.